News
31 July 2019

GIC joins ADNOC Oil Pipelines with $600m investment

In:
Oil & gas
Region:
Middle East & Africa

Singapore sovereign wealth fund GIC has agreed to invest $600 million in a major oil pipeline partnership with Abu Dhabi’s National Oil Company (ADNOC). The investment will give GIC a 6% stake in ADNOC Oil Pipelines, responsible for leasing 18 ADNOC crude oil and condensate pipelines for 23...

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